SOL — ETH Setup Copy & Liquidity Hunt 📈
If you missed the Ethereum structure, take a close look at Solana. The chart is flashing almost identical signals and is gearing up for a breakout from its current range.
Technical Analysis:
Support: Currently trading around $87.07. Much like ETH, SOL is successfully retesting the 50MA on the daily timeframe from above. The level is holding steady, with buyers actively defending the zone.
The "Vacuum" Above: The key trigger is a breakout above $95.65. According to the volume profile, there is a "gap" or lack of resistance above this mark. If we clear this level, there is very little overhead supply to slow the price down.
The Fuel: A "cloud" of short-seller stop-losses is clustered just above $95.65. Triggering these stops could spark a sharp impulse and a vertical move.
Action Plan:
🔹 Strategy: Executing a classic breakout model. Entry point: confirmation/consolidation above current resistance.
🔹 Risk: Tight stop-loss placed below the local low. The risk-to-reward ratio in this setup is mathematically favorable.
🔹 Targets: If the scenario plays out, the move has a potential upside of +45% (spot).
Summary: The chart has formed a strong base. The goal now is to wait for confirmation rather than guessing. If buyers push through $95.65, we expect a rapid fill of the "empty" zone. Watch the reaction closely and remember to move your stop to break-even (BE) after the first impulse.
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